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Automatic Poverty - Bill Jordan

English
2020-12-15
€83.76 €104.70

-20% with code BOOKS

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Originally published in 1981, Automatic Poverty provides a much-needed alternative to the Radical Right’s analysis. The book argues that Britain’s economic decline is symptomatic of an advanced stage of industrialisation in which productive processes are increasingly mechanised, but output remains static. Under these circumstances workers become redundant, the income of the working class diminishes, and dep ... Full description

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Description

Originally published in 1981, Automatic Poverty provides a much-needed alternative to the Radical Right’s analysis. The book argues that Britain’s economic decline is symptomatic of an advanced stage of industrialisation in which productive processes are increasingly mechanised, but output remains static. Under these circumstances workers become redundant, the income of the working class diminishes, and dependence on the state increases. The ‘Ricardo phenomenon’ has become long-term feature of the British economy, and the author shows that neither Keynesian nor monetarist policies can remedy its consequences. It reflects a critical stage in the development of capitalism.

More Information

Author Bill Jordan
Publisher Routledge
Release year 2020
Cover type Softcover
EAN 9781138600706
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€83.76 €104.70